Group RRSPs

Group RRSPs are an ideal way to encourage and help your employees build a retirement fund. The contribution formulae vary drastically from company to company and industry to industry. The general structure of the plan is that the employer makes a commitment to the employee to make some level of contribution which is can be tied to the employee’s own contribution. The intent of the fund is to provide financial resources at retirement, however its design is flexible enough to allow the employee access to the funds should an emergency arise.